Basic Income Does Not Threaten Labor Markets

Joseph Kane () and Kirsten Lydic
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Joseph Kane: University of Massachusetts
Kirsten Lydic: Massachusetts Institute of Technology

Chapter Chapter 4 in Political Activism and Basic Income Guarantee, 2020, pp 51-67 from Palgrave Macmillan

Abstract: Abstract Basic income is often seen as a threat to the stability of labor markets. However, not only are concerns about mass withdrawal from the labor force unfounded, there is reason to believe that basic income would actually improve the functioning of labor markets. While there is little empirical evidence that can be used to evaluate basic income, behavioral evidence suggests that our risk-averse species likes to work and may become more productive if a basic income were introduced to reduce economic risk. This paper provides basic income activists with both a defense against negative labor market implications, as well as an introduction to why labor markets may actually improve with basic income.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-3-030-43904-0_4

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DOI: 10.1007/978-3-030-43904-0_4

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